Market Update Report 8/26/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, August 26:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	31	points	15,041	7:57 AM
S&P500	Up	0.30%	percent	1,668		4.91
Nasdaq Composite	Up	0.50%	percent	3,676		18.40
30 Year Treasury	Down	(1)	Basis Points	3.78	Annual Yield

The Commerce Department reports durable goods orders dropped 7.3 percent as demand for goods ranging from aircraft to computers fell. That was the biggest decline since last August and snapped three consecutive months of gains. Economists expected only a 4 percent drop. Orders had increased 3.9 percent in June.

Non-defense capital goods orders excluding aircraft, a sign of business spending plans, fell 3.3 percent, breaking four straight months of gains. It was the biggest fall since February. Orders for core capital goods increased by a revised 1.3 percent in June. Economists expected 0.5 percent rise after a 0.9 percent gain in June.

Most business economists in the U.S. expect the Federal Reserve to slow bond purchases before the end the year, as early as September. A majority also think the Fed will move to raise short-term interest rates before the end of 2014, according to a survey by the National Association of Business Economists. The poll was conducted between July 18 and Aug. 5.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://finance.yahoo.com/news/u-durable-goods-post-largest-123138229.html
http://finance.yahoo.com/news/u-durable-goods-post-largest-123138229.html
http://www.marketwatch.com/story/fed-to-pull-plug-soon-on-bond-buys-poll-says-2013-08-26


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